Funding you earn now, next payment 02:00 UTC+0.2512%/8h= +275.0% APRnext payment +$3.14 per $10,000 · paid last 24h +0.709%
Price spread now: GMX against Deribit−0.111%54s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. GMX is 0.111% cheaper against Deribit than usual: you would sell low and buy high (spread −0.111% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 4 hours of funding at the current rate (+$75 a day). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit JTO_USDC-PERPETUAL | 0.5164 | −0.0331 | get 0.0041% / 1h | 24m 22s | $13K | $10K | 10x |
| Short | GMX JTO/USD [WBTC.b-USDC] | 0.5158 | L +0.0224% / S −0.2181% | get 0.0273% / 1h | 24m 22s | $2K | — | 50x |
Deribit JTO_USDC-PERPETUAL
GMX JTO/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $527.42
- Price spread: −0.111% → 0.000%
- −$11.06
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $497.36
- Costs to cover
- 0.190%
- Break-even
- 0.4 days
Slippage unknown: Deribit: no order-book sample; GMX: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Deribit no order-book sample | — | — | — | — | — |
| Sell GMX no order-book sample | — | — | — | — | — |
Deribit and GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
JTO on 25 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit JTO_USDC-PERPETUALlong | −0.0331% | 1h | 0.5164 | long leg | $13K | $10K | 10x | |
| Gate JTO_USDT | −0.0139% | 8h | 0.5159 | −0.097% | $910K | $1.1M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5161 | −0.056% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.274% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.699% | $31 | $43K | 5.5x | as long as short |
| OKX JTO-USDT-SWAP | +0.0075% | 4h | 0.5156 | −0.155% | $3.9M | $9.5M | 50x | as long as short |
| Paradex JTO-USD-PERP | +0.0078% | 8h | 0.5161 | −0.057% | $515 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5158 | −0.116% | $4K | $872 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5174 | +0.194% | $127K | $226K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5163 | −0.018% | $127K | $222K | 10x | as long as short |
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
Lighter JTO
Aster JTOUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5156 | −0.163% | $11.4M | $27.6M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5161 | −0.058% | $7.5M | $13.5M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5158 | −0.116% | $6.7M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5166 | +0.035% | $1.6M | $579K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5158 | −0.116% | $2.4M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5160 | −0.077% | — | $68.0M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5170 | +0.118% | $266K | $434K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5170 | +0.119% | $225K | $296K | — | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5162 | −0.031% | $56K | $15K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5163 | −0.027% | $523K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC]short | L +0.0224% / S −0.2181% | 1h | 0.5158 | −0.111% | $2K | — | 50x | |
| Coinbase International JTO-PERP-INTX | +0.0264% | 1h | 0.5166 | +0.039% | $59K | $138K | 25x | as long as short |
| Hyperliquid JTO | +0.0449% | 1h | 0.5168 | +0.070% | $7.1M | $3.2M | 5x | as long as short |
| Phoenix JTO | +0.0466% | 1h | 0.5170 | +0.116% | $382K | $114K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0768% | 1h | 0.5169 | +0.103% | $349K | $307K | 25x | as long as short |
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Backpack JTO_USDC_PERP
Variational Omni JTO
Bulk JTO-USD
Extended JTO-USD
Coinbase International JTO-PERP-INTX
Hyperliquid JTO
Phoenix JTO
Kraken Futures PF_JTOUSD